Iran to buy Su-35 fighter jets from Russia – Iranian broadcaster

DUBAI (Reuters) -Iran has reached a deal to buy advanced Su-35 fighter planes from Russia, Iranian state media said on Saturday, expanding a relationship that has seen Iranian-built drones used in Russia’s war on Ukraine. “The Sukhoi-35 fighter planes are technically acceptable to Iran and Iran has finalised a contract for their purchase,” the broadcaster …

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S.Korea finance minister: monitoring impacts from Silicon Valley Bank crisis

SEOUL (Reuters) – South Korea’s finance minister said on Sunday the country was closely monitoring any impact from the collapse of Silicon Valley Bank on South Korean markets. Top financial officials met on Sunday to discuss the collapse, the biggest bank failure since the 2008 financial crisis, the finance ministry said in a statement. The …

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China statistics chief says economy contains deep structural ‘contradictions’

BEIJING (Reuters) – China’s statistics bureau head, Kang Yi, said on Sunday that China’s economy still contains deep structural “contradictions” and “problems”, according to state media. Kang, head of the National Bureau of Statistics (NBS), made the comments while taking questions from reporters on the sidelines of the annual parliamentary meeting. “There are still many …

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U.S.-sanctioned general to become public face of China’s growing military

By Greg Torode HONG KONG (Reuters) – General Li Shangfu, named on Sunday as China’s new defence minister, is a veteran of the People’s Liberation Army’s (PLA) modernisation effort – a drive that led the United States to sanction him over the acquisition of weapons from Russia. Although his new post within the Chinese system …

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China names U.S.-sanctioned general Li Shangfu as defence minister

BEIJING (Reuters) – China named Li Shangfu, a U.S.-sanctioned general, as its new defence minister on Sunday. Li has been under U.S. sanctions since 2018 over the purchase of combat aircraft and equipment from Russia’s main arms exporter, Rosoboronexport. Li’s appointment was confirmed on Sunday after the rubber-stamp parliament, the National People’s Congress, voted overwhelmingly …

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